Fill your home insurance coverage gaps with these policy endorsements.
As a homeowner, it’s important to know that your insurance has certain coverage limitations and exclusions. These limits can create dangerous coverage gaps. Fortunately, there are ways to fill these gaps. For instance, securing supplemental coverage with homeowners insurance endorsements is a great way to get the comprehensive coverage that you need. Here are some of the policy endorsements that you should consider.
- Scheduled Personal Property
If you have high-value items that cannot be covered by your standard personal property coverage, then you can secure additional coverage by scheduling these specific items on your home policy. This will ensure that high-value items such as jewelry, electronics, fine art, and so on are covered for their full value.
- Inflation Guard
If you insure your home based on your original purchase price, then inflation might make this coverage insufficient in the event of a total loss claim. When you secure an inflation guard endorsement, it will ensure that your home coverage increases every year to keep up with inflation.
- Personal Injury Endorsement
A personal injury endorsement adds liability protection to your home insurance policy to cover things like false arrest, wrongful eviction, slander, defamation, and advertising liability. Essentially, this coverage offers protection against harmful claims that do not include actual physical damage to a person’s body.
These are some of the home insurance endorsements that you should consider. Are you looking for assistance with your home coverage? If so, then contact the experts at Pierce Insurance Group. Our dedicated team is ready to offer our help.